Highest-materiality recent filing
EnerSys realigns to three segments, names presidents for NIS, IMS, PPS
EnerSys restructures from four to three segments: Network & Infrastructure, Industrial Mobility, Precision Power Solutions.
EnerSys Q4 FY2026: adjusted diluted EPS $3.19 (record +7% YoY); full year net sales record $3.75B
Q4 net sales $988M (+1% YoY); GAAP diluted EPS $2.05 (-15%); record adjusted diluted EPS $3.19 (+7%).
EnerSys to close Tijuana facility, take $37M charge, shift production to Springfield, MO
Pre-tax restructuring charge of ~$37M; $14M non-cash (equipment write-offs), $23M cash (severance, decommissioning).
EnerSys Q3 net sales up 1% to $919M; adj. EPS ex-45X up 50% to $1.84
GAAP diluted EPS $2.40, down 17% YoY; adjusted diluted EPS $2.77, down 11% YoY.
EnerSys expands receivables facility to $250M with $50M accordion; adds PNC, Truist
Facility limit increased from $150M to $250M; uncommitted accordion feature adds up to $50M more.
EnerSys Q2 FY2026 net sales $951M +8% YoY; adj. EPS $2.56 +21%; $0.2625 dividend
Net sales $951M up 8% YoY; GAAP diluted EPS $1.80 down 10%; adjusted diluted EPS $2.56 up 21%.
EnerSys upsizes revolving credit facility to $1.0B, extends maturity to 2030
Revolving facility increased by $150M to $1.0B, maturing September 30, 2030.
Net sales $893M, +5% YoY; GAAP EPS $1.46 (-15%); adjusted EPS $2.08 (+5%).
Elected directors Howard I. Hoffen, Shawn M. O'Connell, and Ronald P. Vargo with >29M votes each.
EnerSys cuts ~575 jobs (11% of non-production workforce); expects $80M annualized savings
Approximately 575 employees (11% of non-production global workforce) to be cut, primarily in corporate and management roles.
EnerSys names Shawn O'Connell CEO; Shaffer retires with continued equity vesting
David Shaffer retired as CEO and board member effective May 22, 2025; Shawn O'Connell appointed President and CEO May 23.
Q4 net sales $974.8M (+7% YoY), diluted EPS $2.41 (+63%), adjusted diluted EPS $2.97 (+43%).
EnerSys to close Monterrey facility; $20M pre-tax charge, $19M annual savings from FY2027
Pre-tax charge ~$20M (H1 2025); $7.6M non-cash write-offs; $12.4M cash for severance & decommissioning.
EnerSys separates with CTO Joern Tinnemeyer; appoints Mark Matthews as Acting CTO
March 26, 2025: EnerSys separated employment with Joern Tinnemeyer, SVP and Chief Technology Officer.
EnerSys Q3 adj. EPS $3.12, +22%; net sales $906M +5%; declares $0.24 dividend
Diluted EPS (GAAP) $2.88, adjusted $3.12; +55% and +22% YoY (incl. $75M IRA benefit).
EnerSys raises FY2025 adjusted EPS guidance to $9.65-$9.95 on incremental IRA 45X tax credits
Incremental quarterly tax credit benefit of $3M-$4M leads to one-time catch-up of $30M-$35M.
EnerSys appoints Keith Fisher as President, Energy Systems Global effective Jan 2, 2025
Keith Fisher named President, Energy Systems Global, effective January 2, 2025.
EnerSys CEO David Shaffer to retire May 2025; Shawn O'Connell named successor
David Shaffer to retire as CEO effective May 22, 2025; will continue in role until then.
EnerSys Q2 FY2025 EPS $2.01 (+29% YoY); gross margin up 190 bps; CEO succession; $199M DOE award
Net sales $884M, down 2% YoY; gross margin 28.5%, up 190 bps; diluted EPS $2.01, adj. $2.12.
EnerSys selected for $199M DOE award to build lithium-ion gigafactory in SC
DOE award negotiation up to $199M from Bipartisan Infrastructure Law; final contract expected ~120 days.
EnerSys Q1 FY2025 revenue $853M (-6% YoY); raises dividend 7% to $0.24/share
Diluted EPS $1.71 (+7%); adjusted diluted EPS $1.98 (+5%); gross margin 28% (+160 bps).
Director nominees Habiger, Knausenberger, Morytko elected with >32M votes for each; Morytko had highest opposition at 1.1M against.
EnerSys completes $208M all-cash acquisition of Bren-Tronics for defense power solutions
Acquired Bren-Tronics for $208M in cash from EnerSys's available cash on hand; no external financing needed.
EnerSys board to add two new directors; Tufano named Non-Executive Chair
Arthur T. Katsaros (19 yrs) and Gen. Robert Magnus (16 yrs) retiring due to age 75 policy.
EnerSys Q4 adjusted EPS $2.08, +14% YoY; announces Bren-Tronics acquisition
Q4 net sales $911M (-8% YoY); GAAP EPS $1.48; adjusted EPS $2.08 (+14% YoY); gross margin 27.9% (+300 bps).
EnerSys to acquire Bren-Tronics for $208M to expand defense power solutions
All-cash acquisition of Bren-Tronics for $208M; purchase price ~8.7x trailing 12-month adjusted EBITDA.
EnerSys promotes Mark Matthews to President, Specialty Global effective April 1, 2024
Mark Matthews promoted from SVP to President, Specialty Global, effective April 1, 2024.
EnerSys selects Greenville, SC for $500M lithium-ion gigafactory; 4 GWh capacity
Planned $500M investment in Greenville, SC, creating 500 jobs for lithium-ion cell production.
EnerSys Q3 FY2024 EPS $1.86 (+72% YoY); gross margin 28.9% (+570 bps)
Net sales $862M, down 6% YoY; telecom/broadband demand pauses partially offset by strength in Specialty and data centers.
EnerSys closes $300M 6.625% senior notes due 2032 to repay term loans
Issued $300M aggregate principal amount of 6.625% senior notes due January 15, 2032 at 100% of par.
EnerSys prices $300M 6.625% senior notes due 2032; proceeds to repay term loans
Notes are unsecured, unsubordinated obligations guaranteed by subsidiaries that guarantee existing credit facilities and 4.375% notes due 2027.
EnerSys proposes $300M senior notes offering due 2032 to repay term loans
Offering $300M aggregate principal of senior notes due 2032; unsecured and unsubordinated.
EnerSys raises Q3 FY2024 adjusted EPS guidance to $2.50-$2.60 on increased Section 45X tax credits
Annual Section 45X tax credits now expected $120M-$160M, up from prior $80M-$120M.
EnerSys Q2 FY2024 EPS $1.56 (+86% YoY); record gross margin 26.6%; dividend raised to $0.225
Q2 FY2024 net sales $901M (record Q2); GAAP diluted EPS $1.56 (+86% YoY); adjusted diluted EPS $1.84 (+66% YoY).
EnerSys announces retirement of President Energy Systems Global Zogby; O'Connell to succeed
Andrew Zogby to retire as President Energy Systems Global effective March 31, 2024, after 15 years.
EnerSys posts record Q1 EPS $1.60, adjusted $1.89; raises dividend 29% to $0.225
Net sales $909M (+1% YoY); record GAAP EPS $1.60 ($0.85 YoY increase), adjusted EPS $1.89.
EnerSys stockholders approve all proposals at 2023 annual meeting
All four director nominees elected: Chan 29.9M for, Fludder 29.3M for, Tufano 34.8M for, Wynter 33.9M for.
EnerSys and Verkor sign non-binding MOU to explore US lithium battery gigafactory
EnerSys (ENS) and Verkor SAS enter non-binding MOU to explore development of a lithium-ion gigafactory in the US.
EnerSys reports record Q4 net sales of $990M, EPS $1.59, adjusted EPS $1.82
Q4 net sales $990M (+9% YoY); GAAP diluted EPS $1.59 vs $0.67; adjusted diluted EPS $1.82 vs $1.20.
EnerSys to redeem all $300M of 5.00% Senior Notes due 2023 on March 13, 2023
Full redemption of $300 million aggregate principal of 5.00% Senior Notes due 2023.
EnerSys reports record Q3 FY2023 revenue of $920M, adjusted EPS $1.27 beats guidance
Record net sales $920M, +9% YoY; GAAP diluted EPS $1.08, adjusted diluted EPS $1.27 above midpoint guidance.
EnerSys enters standard change-in-control severance agreement with President Andrew Zogby
New severance agreement with President Andrew Zogby replaces legacy Alpha employment agreement, effective Dec 28, 2022.
Entered $150M trade receivable securitization facility with Wells Fargo, N.A.; three-year initial term.
EnerSys appoints Flowserve executive Tamara Morytko to Board of Directors
Tamara Morytko appointed as Class II director effective December 7, 2022.
EnerSys Q2 FY2023 net sales $899M (+14% y/y); adjusted EPS $1.11 vs $1.01; backlog $1.4B +38%
Net sales $899M, +14% y/y (+19% constant currency); second highest quarterly revenue.
EnerSys adds $300M delayed-draw term loan facility; amends leverage covenant
New Term A-3 Facility of up to $300M available to draw through March 15, 2023.
EnerSys Q1 FY2023 sales $899M (+10.3% YoY); GAAP EPS $0.75, adjusted $1.15
Net sales $899M (+10.3% YoY); records first quarter orders over $1B, backlog $1.5B.
EnerSys stockholders elect directors, ratify auditor, approve say-on-pay at 2022 annual meeting
Howard I. Hoffen elected with 25.4M for, 10.2M against; Shaffer and Vargo elected with >34.7M for.
EnerSys appoints Rudolph Wynter, President of National Grid NY, to Board of Directors
Rudolph Wynter appointed as Class I director effective August 1, 2022, bringing Board to 10 members.
EnerSys to close Ooltewah facility; expects $18.5M charge and 165 job cuts
Board approved closure of Ooltewah, TN plant; pre-tax charge of ~$18.5M, majority in H1 fiscal 2023.
As a result of the Company's Segment Realignment there will be a change in executive titles as follows: • Keith D. Fisher – President, Network & Infrastructure Solutions • Chad C. Uplinger – President, Industrial Mobility Solutions • Mark E. Matthews – Chief Technology Officer and President, Precision Power Solutions
As a result of the Company's Segment Realignment there will be a change in executive titles as follows: • Keith D. Fisher – President, Network & Infrastructure Solutions • Chad C. Uplinger – President, Industrial Mobility Solutions • Mark E. Matthews – Chief Technology Officer and President, Precision Power Solutions
As a result of the Company's Segment Realignment there will be a change in executive titles as follows: • Keith D. Fisher – President, Network & Infrastructure Solutions • Chad C. Uplinger – President, Industrial Mobility Solutions • Mark E. Matthews – Chief Technology Officer and President, Precision Power Solutions
effective on May 23, 2025, Shawn M. O’Connell has been appointed as President and Chief Executive Officer of EnerSys and as a Class III director of the Board of Directors
effective on May 22, 2025, David M. Shaffer retired as Chief Executive Officer of EnerSys and a member of its Board of Directors
On March 26, 2025, EnerSys separated employment with Joern Tinnemeyer, EnerSys’ Senior Vice President and Chief Technology Officer.
(i) effective November 6, 2024, Shawn M. O’Connell has been appointed as President and Chief Operating Officer of EnerSys
be appointed as a Class III director of the Board of Directors
(ii) effective on May 23, 2025, Mr. O’Connell will become President and Chief Executive Officer of EnerSys and be appointed as a Class III director of the Board of Directors, to fill the vacancy created by Mr. Shaffer’s retirement.
(a) David M. Shaffer has advised EnerSys of his intention to retire as Chief Executive Officer of EnerSys and member of its Board of Directors effective May 22, 2025,
Hwan-Yoon F. Chung advised EnerSys’ board of directors (the “Board”) of his decision not to stand for re-election to the Board for the upcoming annual meeting of the stockholders in 2024 (the “2024 Annual Meeting”) in order to focus on his other commitments.
Andrew M. Zogby ceased to be President, Energy Systems Global of EnerSys, but continues with EnerSys in an executive advisory role through his retirement on March 31, 2024.
Max materiality 0.85 · Median 0.68 · Most common event earnings